Tag: CBN

CBN Approves Merger of Providus Bank and Unity Bank

The Central Bank of Nigeria (CBN) has approved the merger of Providus…

Muhammad A. Aliyu

CBN Sells $148 Million in Nigerian Foreign Exchange Market

The Central Bank of Nigeria (CBN) has announced the sale of foreign…

Muhammad A. Aliyu

CBN Raises Monetary Policy Rate to 26.75% Amid Rising Inflation

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN)…

Muhammad A. Aliyu

CBN Ramps Up Forex Supply, Sells $106.5M to 29 Dealers in Two Days

The Central Bank of Nigeria (CBN) announced on Friday that it sold…

Muhammad A. Aliyu

CBN Approves FX Sales to BDCs at N1,450 Per Dollar

The Central Bank of Nigeria (CBN) has approved the sale of foreign…

Muhammad A. Aliyu

CBN Sells Over $122 Million to Authorized Dealers to Stabilize Forex Market

In a bid to promote stability and reduce market volatility in the…

Muhammad A. Aliyu

CBN Directs Banks and Forex Dealers to Accept Old Series, Lower Denominations of Dollars

The Central Bank of Nigeria (CBN) has issued a directive to banks…

Muhammad A. Aliyu

CBN Unveils New Guidelines for Foreign Currency Deposits by Banks

The Central Bank of Nigeria (CBN) has introduced new guidelines concerning foreign…

Muhammad A. Aliyu